Vazgen Safaryan: Additional 101 billion AMD must be ensured on the account of shadow economy

YEREVAN, OCTOBER 26, ARMENPRESS:

The intention of the Armenian government to gather additional 101 billion AMD in the state budget must be welcomed, chairman of the Public Council's financial-economic and budget commission Vazgen Safaryan said at the extended sitting today, at the same time pointing out that it must be done on the account of reduction of shadow economy, instead of obliging tax payers pay more taxes.

According to him, the sector of investment policy must be increased, getting 101 billion AMD on the account of development of economy.

Chairman of the Public Council Vazgen Manukyan added that representatives of the ministries of economy and finance should have been present at the discussion for answering their questions. Today in the morning Economy Minister Tigran Davtyan offered to postpone the discussion over the package as it is not complete yet and may be changed.

Manukyan positively assessed the fact of making changes in the package and stressed that when amendments are being made in tax and customs laws at least a year must pass before the changes enter into circulation.

"When a businessman deals with entrepreneurship he cannot change his whole business in two months for accommodating to the law," chairman of the Public Council said.

The commission decided to make proposals over all the disputable issues and present to the Ministry of Finance for proposing joint solutions.